This paper reports an exhaustive review of recent research progress in the development of millimeter-wave absorbers. With the advancement in technologies, microwave absorbers have shown their evolution in several applications such as defense, security identification, stealth technology, and several more. The importance of these absorbers is increasing due to electromagnetic interference (EMI) effects. Primarily, an abundant amount of absorbers has been developed in lower frequency bands and with the increasing demand for 5G technology, the usage of millimeter-wave bands has gained attention. This in turn requires the development of millimeter-wave absorbers to provide EMI shielding in several applications. Out of several materials, polymers have grabbed attention in the mitigation of EMI. An absorber that combines carbonaceous elements with polymers offers large design flexibility and tunability per the filler concentration. This paper focuses on the classification of these absorbers based on geometry as well as that by using polymers with their design challenges, merits, and demerits with their industrial applications. Comparative studies of geometrically based absorbers and polymeric-based absorbers are also shown.